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Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.
The assessment was made by the Joint Committee on Taxation, a nonpartisan panel that provides research on tax issues.
It is not unusual for tax cuts to benefit mostly the wealthiest, but still save some money for a majority of Americans. But the benefits of these reductions would be aimed squarely at the top.
People making $200,000 to $999,999 a year would also get sizable tax cuts. In total, the two provisions would cut taxes by about $274 billion during the coming decade, virtually all of it for people making at least $200,000, according to a separate assessment by the committee. “Repeal-and-replace is a gigantic transfer of wealth from the lowest-income Americans to the highest-income Americas,” said Edward D. Kleinbard, a professor at the University of Southern California law school and former chief of staff for the Joint Committee on Taxation. Wealthy Would Get Billions in Tax Cuts Under Obamacare Repeal Plan
Only Kim Jong Trump's brain-dead 'Bots' will be surprised by this!
Why do you dislike the wealthy? Wouldn't you like to become wealthy some day? Maybe you should apply some effort and work towards building and acquiring wealth, instead of hating on the people who have done just that.
That's because they pay the most taxes to begin with. The average Democrat who pays $0 in taxes obviously doesn't get a tax cut.
BS you sure forgot the TROLL Trump bragging that he paid NO TAXES FOR 7 YEARS! The rich are parasites of society. They create 'tax shelters' for themselves, like foundations.
ok so this is the tactic the liberal is putting out there today.
By the way, you do realize that high income does not mean you are rich right? But for some reason the left keeps that lie going. Obviously enough people don't understand the difference it is benefits the left to perpetuate that lie.
BS you sure forgot the TROLL Trump bragging that he paid NO TAXES FOR 7 YEARS! The rich are parasites of society. They create 'tax shelters' for themselves, like foundations.
ok, think about this. The left keeps saying that high income means you're rich. Trump is rich but he, like Buffett paid low taxes. So help me twist my mind to understand your thinking? If high taxes means you are getting the rich why is it that rich men like these and many others are able to keep their taxes down?
Is that too hard for you to understand. If it is, it means you can't think outside the leftist rhetoric
ok so this is the tactic the liberal is putting out there today.
By the way, you do realize that high income does not mean you are rich right? But for some reason the left keeps that lie going. Obviously enough people don't understand the difference it is benefits the left to perpetuate that lie.
Hmm, sure would like to hear your explanation for THAT asinine statement!
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